Symposium Posts

The world of commerce after this pandemic will change significantly and controlled by those countries and blocs whose industries, research, trade and technology are robustly resourced and positioned to take advantage of the new market of knowledge, utilities and essential commodities of life. Access to trade finance is predicted to be the fundamental contrasting issue between developed and developing countries. Trade facilitation to move value-added products and services more efficiently across borders to other parts of the world must inform the thinking and planning of governments in the short and medium-term.

Although COVID-19 is currently making IAT difficult due to restrictions placed on the movement of people and goods, the pandemic justifies enhanced IAT. The situation helps Africa realize the benefits of IAT due to the trade restrictions put in place by our major trading partners who are mainly outside Africa. Most of all, it will help Africa appreciate the good in initiatives put in place to enhance IAT.

Apart from the challenges presented by the pandemic, governments in developing economies have the current difficulty of providing essential public goods and social services even during normalcy. How quickly economies recover after the crisis may depend on the nature of coping initiatives employed during the pandemic. It is therefore pertinent that governments (especially in the global South) revisit their free zone policy architecture to create a reliable alternative economy with which to stimulate the macro economy especially when the risks associated with sustaining economic activities in the customs territory may be too high.

Faced with a public health emergency due to the Coronavirus, a few governments, such as Singapore, Taiwan, and South Korea, have responded promptly and effectively. Some however are only recently beginning to provide substantial funds to counter and control of the spread of the disease, with other financial and economic measures designed to stabilize their economies and employment. These measures have included tax reduction, subsidies for certain sectors, and lowering interest rates. Other measures include shoring up investment in infrastructure projects.

The tragedy of the COVID-19 crisis has laid bare the frailties of African economies. COVID-19 has taught us, in the harshest way possible, that we are only as strong as the most vulnerable among us. This has compelled African leaders to recognize that regional cooperation is at the crux of the solution to the COVID-19 crisis. Hopefully, this positive momentum towards regional cooperation will extend to tackling the broader welfare issues challenging African societies.

It is hoped that the Covid-19 pandemic will be a wake-up call for Africa. And Africa needs to minimize reliance on Aid as this experience clearly shows that donors will only donate if they are not in the same situation as the recipient.

On the 24th of March 2020, the African Export-Import Bank (Afreximbank) announced a US$3 billion facility to help its member countries weather the economic and health impacts of Covid-19. In this interview, Prof Ben Oramah, President Afreximbank, discusses this pandemic facility, the African Continental Free Trade Area, (AfCFTA) and more.

Welcome to this symposium on COVID-19 and International Economic Law in the Global South. The essays in this symposium came from Africa, Asia, Europe, the Middle East, the Caribbean, North America and Latin America. This symposium will last for a full four weeks because of the large number of good quality submissions we accepted.

For the second time, the Law Faculty of the Cave Hill Campus, University of the West Indies, fielded a team of three students – Sarah Baksh, Kara John, and Matthew Chin Barnes – to participate in the All American Regional Round of the 2020 John  H.  Jackson  Moot  Court  Competition  (JHJMCC), a moot court based on the law of the World Trade Organization. Mr Westmin James (Lecturer, Law Faculty, Cave Hill) coached the team, and Dr. Jan Yves Remy (Deputy Director of the SRC at the Cave Hill Campus) provided support. Due to COVID-19, the combined North and Latin American Regional Rounds which had been scheduled to take place at the Universidad de Guadalajara, Mexico, had to be conducted virtually, the first time in the Competition’s history.

Students who study law at the National University of Lesotho (NUL) participate in various moot court competitions involving a wide array of legal fields. One example is the John H. Jackson Moot Court Competition. NUL has taken part in this competition on four occasions- twice making it into the international final round. There are several challenges to teaching International Economic Law (IEL) at NUL (these have been traversed in an earlier piece). However, participation in moot court competitions has proved to be a novel way of overcoming some of these challenges.